FHA Waiver Allows 203k Inspections

hud 203k loan information

The Federal Housing Administration understands the needs of those affected by the recent hurricanes. On November 9th the Federal Housing Administration (FHA) issued a waiver covering all municipalities in Puerto Rico impacted by Hurricane Maria (Maria), allowing damage inspections to be conducted beginning November 9, 2017. This waiver is in addition to the waiver issued by FHA on October 24, 2017, of its policy on the time frame for completing the inspection of properties prior to closing, or submitting the mortgage for FHA insurance endorsement in the Presidentially-Declared Major Disaster Areas (PDMDAs) in municipalities in Puerto Rico impacted by Maria.

This includes all properties utilizing the 203k Rehabilitation Mortgage Insurance Program.

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